EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Price is still in a bullish phase since bounced off the trend line support, but we have a CCI bearish divergence as you can see on my H4 chart below suggests a potential bearish pullback retesting the trend line support. Immediate support is seen around 1.0700. A clear break below that area could trigger further bearish pressure testing 1.0650/25 region. Immediate resistance is seen around 1.0735. A clear break above that area could trigger further bullish pressure testing 1.0800 region. Overall I remain neutral.
April 20, 2017 at 07:34AM
from swibowo
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